Bradley Foster & Sargent Inc. CT Has $257,000 Stock Position in Kellanova (NYSE:K)

Bradley Foster & Sargent Inc. CT reduced its stake in shares of Kellanova (NYSE:K) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,179 shares of the company’s stock after selling 200 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Kellanova were worth $257,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of K. RPS Advisory Solutions LLC acquired a new stake in Kellanova in the fourth quarter valued at about $397,000. Wolverine Asset Management LLC boosted its stake in Kellanova by 66.6% in the fourth quarter. Wolverine Asset Management LLC now owns 37,476 shares of the company’s stock valued at $3,034,000 after buying an additional 14,982 shares in the last quarter. Alberta Investment Management Corp boosted its stake in Kellanova by 62.5% in the fourth quarter. Alberta Investment Management Corp now owns 130,000 shares of the company’s stock valued at $10,526,000 after buying an additional 50,000 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in Kellanova by 14.7% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,107 shares of the company’s stock valued at $737,000 after buying an additional 1,164 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its stake in Kellanova by 16.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 7,985 shares of the company’s stock valued at $647,000 after buying an additional 1,114 shares in the last quarter. 83.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $81.21, for a total value of $9,305,285.43. Following the transaction, the insider now directly owns 49,222,442 shares of the company’s stock, valued at approximately $3,997,354,514.82. The trade was a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 1,145,830 shares of company stock valued at $93,291,187. 1.80% of the stock is currently owned by company insiders.

Kellanova Price Performance

Kellanova stock opened at $82.63 on Monday. The stock’s 50 day moving average is $81.55 and its 200 day moving average is $80.76. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.81 and a quick ratio of 0.56. The firm has a market cap of $28.48 billion, a P/E ratio of 21.35, a P/E/G ratio of 4.21 and a beta of 0.37. Kellanova has a one year low of $52.46 and a one year high of $82.72.

Kellanova (NYSE:K) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.61. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. As a group, research analysts expect that Kellanova will post 3.93 EPS for the current year.

Kellanova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.76%. Kellanova’s dividend payout ratio (DPR) is presently 58.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on K shares. Royal Bank of Canada upgraded Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 target price for the company in a research report on Tuesday, February 18th. StockNews.com started coverage on Kellanova in a research report on Monday. They issued a “hold” rating for the company. Finally, BNP Paribas downgraded Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 target price for the company. in a research report on Friday, November 1st. Thirteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $77.96.

Kellanova Company Profile

Kellanova, together with its subsidiaries, manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles.